NagaCorp gains green light to reopen Cambodian casino business
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Sharanya Pillai
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GAMING and leisure player NagaCorp has gained approval from the Cambodian authorities to reopen its casino businesses in the country, said the company, which has issued debt securities on the Singapore Exchange, in a Sunday bourse filing.
Listed in Hong Kong, NagaCorp operates NagaWorld, a hotel and gaming entertainment complex in Cambodia's capital city of Phnom Penh.
On July 18, the firm received a notification from Cambodia's Ministry of Health that it had no objection to NagaCorp resuming all its casino businesses in Phnom Penh, which comprises mass market, VIP and slot gaming machine segments.
In early July, the Cambodian government announced that it will permit all casinos in the country to reopen, with casino owners required to sign an agreement or a memorandum of understanding with the Cambodian Ministry of Health. NagaCorp signed an MOU with the ministry on July 5.
Shares of NagaCorp on the HKEX closed at HK$9.14 on Friday, up 2.01 per cent.
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